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3. I talked to Coverfox experts and he said that even if I raise IDV by selecing another insurer (A good quote is available from Bajaj Alianze with 6.62L IDV at same price) the IRDA has all data of previous insurance and they will calculate it only by deducing 10% every year, which again comes to 5.58L. So I will be paid only 5.58L regardless. Does this make sense?

Wrong info. Its called IDV -> Insurer Declared Value. You can retain or even have higher IDV value than last year by paying extra premium. You as a Insurer can decide how much value you want to have for your vehicle. If one insurance company can't do that the other will be willing to do that. For example Some Insurance companies do not accept renewal of Chevy vehicles at all. But some Insurance companies do. Its upto the Insuring company to accept / decline for some brands and some models. But IDV is purely your choice.

Originally Posted by bhvm

2. The HDFC insurance is allowing only this max IDV as per their website. Is there an option to manually raise this>?

Use Policy Bazaar. Or as pointed out by rksingh1, speak to the Customer care. If they don't budge don't hesitate to look for another provider.

Tip: Check with the ASS as which Insurance provider is good with claims and go with them. End of day its your ASS who is going to co-ordinate with the Insurance folks.

Originally Posted by bhvm

What is Personal accident cover? Does it cover when owner is not present in the car at the time of mishap?

Yes it does. But if you have a existing term insurance or other accident cover this is not required. Its a cross selling most Insurance Providers do and its optional. Its not mandatory for you to opt for it (Even if you don't have a Personal accident cover). On the other side, for a 300 bucks odd premium they'll give upto 1L cover. So it would be good as well if you wish to opt for it. You have options to cover Owner + Unnamed passengers too. Choose based on your need *if* you're opting for it.

Dream is not what you see when you sleep;dream is something that doesn't make you sleep - A. P. J. Abdul Kalam.Mahindra XUV 500
Tata Tiago XZ PetrolHonda Hornet
Honda ActivaHonda Dio

Check with the ASS as which Insurance provider is good with claims and go with them. End of day its your ASS who is going to co-ordinate with the Insurance folks.

This is why I am sticking with HDFC.
Rather than total loss, Im more likely to use their RSA and partial repairs.
All Reputed Mahindra dealers are with HDFC.
Bajaj alianz seems to be full of just FNGs.

Originally Posted by Lvramanan

On the other side, for a 300 bucks odd premium they'll give upto 1L cover

They are giving 15 lacs for just 325. so I opted for it.

Originally Posted by Lvramanan

Yes it does. But if you have a existing term insurance or other accident cover this is not required.

I wonder if this PA will be denied if I already have term Insurance/ LIC (which I already have). If they are denined on grounds of duplication then there is no sense to go for PA whatsoever.